Originally Posted by
Bueno Hombre
Hong Kong Government paid billions to keep this legacy airline going. Everyone can make mistakes.
They did indeed. While the company is yet to touch a cent of these billions of taxpayer money, the reason the company was able to secure finance was because the HK government essentially became a guarantor of the debt.
But CX was not alone in securing government handouts to stay in operation. In Australia both Qantas and Virgin Australia received government assistance. However that didn’t buy their silence. Both CEO’s had the backbone to speak out publicly against ridiculous government rules and restrictions on the population and workforce.
As for Qatar selling their shares, I suspect Air China may be an interested buyer. As they already own the maximum shares permitted by legislation they’d have to announce a takeover bid. Potentially not great, but hard to think it could be much worse than being managed by our present silent weaklings,